GroundRules
Ala. Code § 23-7-22: Purchase of Outstanding Bonds.
Where this section sits in the code
- Title 23 Highways, Roads, Bridges and Ferries.
- Chapter 7 Alabama Transportation Infrastructure Bank Act.
The bank, subject to agreements with bondholders as may then exist, may purchase outstanding bonds of the bank with any available funds, at any reasonable price. If the bonds are then redeemable, the price shall not exceed the redemption price then applicable plus accrued interest to the next interest payment date.
Collected 2026-09-03T14:01:53Z. Source file · JSON